Home Prices in 20 U.S. Cities Increased 5.1% in October

Home prices in 20 U.S. cities maintained a steady pace of increases in October while a gauge of nationwide property values rose by the most since mid-2014, according to S&P CoreLogic Case-Shiller data released Tuesday.

Lean housing inventory has continued to put upward pressure on home values at the same time steady hiring has lifted demand, resulting in two years of steady gains in property prices of around 5 percent. A post-election spike in borrowing costs could reduce housing affordability until home-price appreciation slows. The prospects of faster income growth in a tight job market may also make higher interest rates easier to manage.